Key Business Transacted

1. Approval of Un-Audited Standalone Financial Results: The Board approved the un-audited standalone financial results for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee. The results were subjected to a limited review by the statutory auditors, CNK & Associates LLP.

2. Letter of Intent from Promoter Group: The Board considered and approved a Letter of Intent (LOI) dated October 27, 2026, received from Chowgule and Company Private Limited (Promoter Group) on October 28, 2026. The LOI expresses intent to transfer 4,09,940 equity shares of ₹10 each to Mr. Vijay Vishwasrao Chowgule (Promoter) via an inter-se transfer. This transfer is pursuant to the implementation of a Memorandum of Family Settlement dated January 11, 2021. The transfer is yet to be effected, and the company will make necessary disclosures upon completion.

Key Financial Figures (Quarter Ended September 30, 2026)

All figures are in ₹ Lakhs.

  • Revenue from Operations: 16,053.21
  • Other Income: 200.80
  • Total Income: 16,263.01
  • Total Expenses: 15,137.60
  • Profit Before Tax: 1,125.41
  • Total Tax Expense: 300.36
  • Profit for the Period (Net Profit): 825.05
  • Earnings Per Share (EPS) (Basic and diluted): ₹82.51

Key Financial Figures (Half Year Ended September 30, 2026)

All figures are in ₹ Lakhs.

  • Revenue from Operations: 34,381.17
  • Other Income: 345.70
  • Total Income: 34,726.87
  • Total Expenses: 32,477.59
  • Profit Before Tax: 2,249.28
  • Total Tax Expense: 616.18
  • Profit for the Period (Net Profit): 1,633.10
  • Earnings Per Share (EPS) (Basic and diluted): ₹163.31

Segment-Wise Performance (Quarter Ended September 30, 2026)

  • Explosives Segment: Revenue of ₹13,900.64 Lakhs; Segment Result before Tax and Interest of ₹936.60 Lakhs.
  • Perlite Segment: Revenue of ₹1,641.90 Lakhs; Segment Result before Tax and Interest of ₹73.70 Lakhs.
  • Other Operating Revenue (Un-allocable): ₹510.58 Lakhs.

Assets and Liabilities Position (As at September 30, 2026)

  • Total Assets: ₹41,091.09 Lakhs (Previous: ₹35,533.75 Lakhs as of March 31, 2026)
  • Total Equity: ₹16,764.70 Lakhs
  • Total Liabilities: ₹24,326.39 Lakhs
  • Non-Current Borrowings: ₹6,826.55 Lakhs
  • Current Borrowings: ₹2,858.67 Lakhs

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹638.39 Lakhs
  • Net Cash used in Investing Activities: (₹2,744.03) Lakhs
  • Net Cash from Financing Activities: ₹2,165.12 Lakhs
  • Net Increase in Cash and Equivalents: ₹59.47 Lakhs

Notes to Financial Results

1. The figures for the previous periods have been re-grouped/re-classified wherever necessary to conform to the current period's classification.

2. The company is primarily engaged in the business of Explosives and Perlite.